We’re thrilled to unveil batch 22, which includes 4 grants for a total of $686,480 in funding, covering various projects. You can learn more about each grant below, including details about the specific projects and funding.
Start.Cooking: Meme coins Factory
$52,000 (in USDC)
Big Labs
Start.cooking is built by the Big Labs team, introducing an easy-to-use platform for token creation on Osmosis. It utilizes the Token Factory Module to provide an exceptional environment and user experience, allowing users to create tokens and meme coins effortlessly with just a few clicks.
The purpose of the Grant is to launch start.cooking on Osmosis, introducing the Bonding Curve swap contract dubbed Flambè, which facilitates the launch of memecoins and establishes the initial distribution model. Additionally, the team plans to implement a Burning Raffle concept, dubbed "Ratatouille," to facilitate convenient token burning through a raffle mechanism. This initiative aims to encourage the creation and trading of memecoins generated using start.cooking through an airdrop campaign.
Osmosis Smart Account Co-Signer
$500,000 (in USDC)
Blockaid
Smart accounts are Osmosis’s native account abstraction framework, allowing for, among other things, execution of “signatureless” 1-click interactions with the Osmosis chain via a front-end through the use of session keys. With features like 1-click trading and social (google, twitter, github, etc) login, smart accounts are set to provide a significant improvement over the existing UX surrounding trading and interaction with the Osmosis suite of DeFi products. However, the use of session keys to enable 1-click interactions with the blockchain comes with unique security concerns. For example, an Osmosis user might interact with a malicious front end and approve a session key that would allow a third party to drain their wallet without the need to expose the user’s private key. Similarly, a third party that can convince a user to install a file containing malware could trivially extract a valid session key from the user’s browser and use that key to drain the wallet. To stave off these and other risk vectors, Osmosis is partnering with Blockaid, a web 3 security infrastructure firm that provides malicious signature detection and blocking services for some of the largest wallets in the space. Blockaid’s list of partners includes Metamask, Coinbase Wallet, Rainbow, Rabby, and dYdX.
Blockaid, in collaboration with Osmosis Labs, will build and maintain a smart-account “cosigner,” an off-chain agent that will act as a transaction screener between the Osmosis chain and transactions initiated via the smart account functionality from any front-end. When the cosigner detects a transaction deemed to be either malicious or abnormally large for the given wallet, the transaction will be blocked until the user goes through a 2-factor authentication process to override the signature block. Initially, the cosigner will support the two message types anticipated to be included within smart account functionality at launch (enable one-click trading and token swaps via one-click trading). Blockaid is also responsible for maintaining and updating the cosigner to support additional message types as they are added to smart accounts during the 16 month term of the grant (forward + swap from other chains, interaction with Mars, Levana, and Osmosis perps, etc). The term of the grant is inclusive of a buildout phase not to exceed 4 months, with maintenance and addition of new messages for the remainder of the term. At the conclusion of the grant term and subject to approval by Osmosis Grants, the engagement will renew for an additional 12 month period.
CosmWasm Developer Adoption Portal
$110,000 (in USDC)
B9Lab
This is a collaborative grant with the Neutron Grants Program to jointly fund B9Lab to build out a comprehensive developer onboarding and educational portal targeted at CosmWasm education.
The portal is intended to be a primary resource for educating developers that have little to no experience working with CosmWasm. As part of the grant, B9 will design and create an educational course curriculum to be hosted on the portal with the goal of taking a developer with no CosmWasm experience to a fully-fledged CosmWasm application developer. The course will contain a number of modules such that even experienced CosmWasm developers can interact with specific subsets of the course to brush-up on unfamiliar or more advanced concepts. The portal will be hosted on a https://cosmwasm.com/ subdomain to ensure maximal SEO and reach. B9, OGP, and NGP are working with Confio directly to ensure deployment of the subdomain and course materials once the content has been created. A multi-media approach will be used as part of the content buildout. B9 Will design and create all diagrams or video content necessary to adequately convey the concepts outlined in the course materials. B9Lab is well-qualified to execute on this project, having built the Interchain Developer Portal commissioned by the Interchain Foundation in the past, as well as similar portals for other ecosystems.
Frizzante: Dapp to tokenize and trade yield (Audit)
$24,480 (in USDC)
Oak Security
Frizzante is a platform that enables the tokenization and trading of yield. It aims to position itself at the center of the ecosystem for accessing yield, akin to Pendle but for Cosmos.
OGP will pay to audit for the Frizzante code. Frizzante is about to unlock new DeFi activities on Osmosis. Accessing yield in Cosmos is typically challenging due to the various custom joining strategies employed by each product. Frizzante simplifies the process of accessing yield, making it as straightforward as executing a swap with just one click, all of this in Osmosis.
